What does the government provide in a mixed economy? |
Only essential goods and services All goods and services Goods and services based on profitability Goods and services based on consumer preferences |
Only essential goods and services |
Most economies are mixed economies, i.e. the government and the market together answer the three questions of what to produce, how to produce and how to distribute what is produced. In a mixed economy, the market will provide whatever goods and services it can produce well, and the government will provide essential goods and services which the market fails to do. |